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Under 1% of unicorns are profiting at scale with true business success despite $1 billion-plus valuations--Bain & Company analysis

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Thursday, November 9, 2023

Jazz Pharmaceuticals, Social media, Unicorn, Meta, BioNTech, Daqo New Energy, Tesla, Bain & Company, Interview, Uber, Biotechnology, ServiceNow, Bank, Pharmaceutical industry, Mail, Airbnb, Palo Alto Networks

Of some 225,000 companies founded during the past 20 years, only around 2,500 have achieved $1 billion market valuations (including public and private businesses).

Key Points:

Of some 225,000 companies founded during the past 20 years, only around 2,500 have achieved $1 billion market valuations (including public and private businesses).
And just 15 companies generate more than $1 billion in cash and revenues – a tiny subset of unicorns that have transformed their marketplaces.
The 15 established and scale insurgent businesses that have achieved this status make up just 0.7% of the total number of unicorns.
They are focused on rapidly scaling a powerful customer franchise and building a cash generative business that can sustain itself.

Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic Boomtowns

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Thursday, November 9, 2023

Data Management, Communications, Technology, Residential Building & Real Estate, Software, Construction & Property, Public Relations, Investor Relations, Housing, Appetite, Cryptocurrency, Real estate, Self storage, Renting, Video game, Sun Belt, Airbnb, Redfin

The seven metros where investor purchases declined fastest are all in the Sun Belt.

Key Points:

The seven metros where investor purchases declined fastest are all in the Sun Belt.
Because investor purchases in the region jumped so dramatically, they now have relatively more room to fall.
Appetite for homes in many Sun Belt metros has also cooled because so many buyers have been priced out.
Low-priced homes made up 45.2% of investor purchases in the third quarter, up from 42.5% a year earlier.

Summer Announces Combined $68M in Series A Round and Debt Facility to Innovate New Approach to Vacation Homeownership

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Wednesday, November 8, 2023

Construction & Property, Lodging, Finance, Destinations, Travel, Vacation, Professional Services, Residential Building & Real Estate, Lightspeed Venture Partners, Environment, Risk, QED, Venture, Cryptocurrency, Airbnb, Summer, Set point

"Summer removes the barriers and risk around buying and owning a vacation home,” said Paul Kromidas, CEO and founder of Summer.

Key Points:

"Summer removes the barriers and risk around buying and owning a vacation home,” said Paul Kromidas, CEO and founder of Summer.
I'm excited to lead Summer on its mission to democratize vacation home ownership."
Summer will use the new funding to accelerate technological development, focusing on the advancement of proprietary acquisitions and the platform’s underwriting engine.
“Summer makes it possible for families to own and enjoy a second home, while streamlining the process of finding, furnishing and renting.

NAREB RELEASES 2023 STATE OF HOUSING IN BLACK AMERICA REPORT AT BLACK WEALTH SUMMIT IN BIRMINGHAM

Retrieved on:

Wednesday, November 8, 2023

BIRMINGHAM, Ala., Nov. 8, 2023 /PRNewswire/ --

Key Points:

MEDIA ADVISORY FOR BIRMINGHAM FOR THURSDAY, NOVEMBER 9, 2023
NAREB releases its 2023 State of Housing in Black America (SHIBA) report that provides a comprehensive analysis of Black homeownership and the historical barriers Blacks face when seeking to purchase a home.
Black homeownership was impeded even as African Americans experienced record-low unemployment and, for the first time, a higher labor force participation rate than Whites.
The SHIBA report will be unveiled at a day-long event featuring panel discussions and speakers, including private lenders, government housing officials, and housing experts.
(Media please contact Michael K. Frisby at [email protected] or 202-625-4328 for a copy of the 2023 SHIBA report).

ChargeLab welcomes new President and VP of Engineering to accelerate EV charger software innovation

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Wednesday, November 8, 2023

EV, Airbnb, Smith, Xero, Growth, Blackberry, Flipp, Red Hat, Climate change, Management, Expedia, Engineering, Waymo

TORONTO, Nov. 8, 2023 /PRNewswire/ -- ChargeLab, the North American leader in open electric vehicle (EV) charger management software, is pleased to announce the appointment of two key executives, Shaun Stewart as President and Patrick Smith as Vice President of Engineering. Both appointments signify a step forward in ChargeLab's mission to build EV charging solutions that scale.

Key Points:

Former Newlab CEO Shaun Stewart joins as President, alongside VP of Engineering Patrick Smith, from Xero
TORONTO, Nov. 8, 2023 /PRNewswire/ -- ChargeLab, the North American leader in open electric vehicle (EV) charger management software, is pleased to announce the appointment of two key executives, Shaun Stewart as President and Patrick Smith as Vice President of Engineering.
Former Newlab CEO Shaun Stewart joins ChargeLab as President, alongside VP of Engineering Patrick Smith, from Xero
Shaun Stewart, the newly appointed President, brings a wealth of experience to ChargeLab.
"I am incredibly excited to have Patrick Smith on board as our Vice President of Engineering," Ehsan Mokhtari, ChargeLab CTO, shared.
With the addition of Shaun Stewart as President and Patrick Smith as Vice President of Engineering, ChargeLab is poised for a new era of innovation and growth.

Upgraded Points Ranks Top 50 U.S. Cities for Solo Travelers in New Study

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Tuesday, November 7, 2023

Bureau of Transportation, Food, Center for Economic Studies (U.S. Census Bureau), Viator, Transport, Bureau, City, Lone, Travel, Golden Gate Bridge, Safety, Privacy Office of the U.S. Department of Homeland Security, Population density, Tourism, Amusement park, Airline, Airbnb

AUSTIN, Texas, Nov. 7, 2023 /PRNewswire/ -- While the idea of solo travel may seem daunting to some, it offers a range of enriching experiences that you just can't get when traveling with a group. Upgraded Points recently simplified the prospect of solo travel with its comprehensive study highlighting the best city destinations in the U.S. for traveling alone.

Key Points:

Upgraded Points recently simplified the prospect of solo travel with its comprehensive study highlighting the best city destinations in the U.S. for traveling alone.
"Solo travel isn't just a trend — it's a powerful way to engage with the world at your own pace," said Keri Stooksbury, Editor-in-Chief of Upgraded Points.
"This study is designed to guide solo travelers toward destinations that offer both safety and adventure."
To identify the top spots for solo travel, Upgraded Points analyzed 50 of the largest U.S. cities across 5 key categories: safety, accommodation, activities, transportation, and food.

Kiki Club Launches Network for Mid-Term Rentals in New York City

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Tuesday, November 7, 2023

Traction, Holiday, Plant, New Yorker, Nightclub, Tourism, Airbnb

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- Kiki Club (formerly EasyRent), an invite-only subletting platform that matches active listings with people looking for mid-term rentals, today announced its on track to fill more than 1,000 homes since launching this month and save New Yorkers $3.7 million in rent by the end of 2023. After successfully filling 1,500 homes in its debut launch in Bondi, Sydney, Australia, Kiki Club's expansion to and immediate traction in the United States' most populated city validates the market's need for a safe space to find trustworthy mid-term subletters for up to six months. It also marks significant company momentum on the heels of Kiki Club's $6 million seed round.

Key Points:

It also marks significant company momentum on the heels of Kiki Club's $6 million seed round .
Similar to dating apps, Kiki Club matches members with others that have similar personal traits and preferences.
"After witnessing our network's impact in Sydney, we had to take the leap to a new market - and where better than New York City," said Toby Thomas-Smith, co-founder and CEO of Kiki Club.
"The concept of Kiki Club is to match real people with real homes, not investment properties, to create real life-long connections.

Jurny Attracts Industry Heavyweights with its Next-Generation AI-Powered Property Management Platform

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Monday, November 6, 2023

Jurny , the only vertically-integrated provider of AI-powered property management solutions for hotels and short-term rentals, announced a series of strategic partnerships that underscore the strength and future-readiness of its technology.

Key Points:

Jurny , the only vertically-integrated provider of AI-powered property management solutions for hotels and short-term rentals, announced a series of strategic partnerships that underscore the strength and future-readiness of its technology.
By aligning with industry giants such as Vrbo, Airbnb, Expedia and vertical leaders like Turno, Wheelhouse and Autohost, Jurny is redefining property management with unprecedented levels of connectivity and AI automation.
"We are the only hospitality company able to harness real-time and predictive data across all operational aspects, the guest journey, and revenue management.
With AI, we optimize and action this data, enabling a proactive and holistic approach to property management that's never been possible before."

reAlpha Announces Commercial Launch of GENA, a Product for Property Listing Descriptions Powered by Generative-AI

Retrieved on:

Wednesday, November 1, 2023

In an increasingly competitive residential real estate market, property owners, agents and managers are seeking innovative technology solutions to support their businesses and drive positive outcomes.

Key Points:

In an increasingly competitive residential real estate market, property owners, agents and managers are seeking innovative technology solutions to support their businesses and drive positive outcomes.
As an owner of, and investor in, residential real estate, reAlpha understands the complexities involved in marketing properties efficiently and effectively, including the time it takes to develop property listing descriptions for platforms such as Airbnb.
To that end, reAlpha developed GENA, which leverages reAlpha’s industry knowledge and generative AI technology to enhance or create property descriptions.
Whether a property is included in marketplaces such as Airbnb, VRBO, Zillow, Realtor or MLS, GENA can tailor detailed descriptions for each platform, as applicable.

Llama Raises $6 Million from Founders Fund and Electric Capital to Streamline Smart Contract Access Management

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Monday, November 6, 2023

Polish notation, Organizational founder, Organization, Hariharan, Founders Fund, Risk, Hacking, Green, Today, Cryptocurrency, Airbnb, Polygon, Vernacular, Stripe

NEW YORK, Nov. 6, 2023 /PRNewswire/ -- Llama , an access control and governance platform for smart contracts, raised a $6 million seed round from Founders Fund and Electric Capital.

Key Points:

NEW YORK, Nov. 6, 2023 /PRNewswire/ -- Llama , an access control and governance platform for smart contracts, raised a $6 million seed round from Founders Fund and Electric Capital.
Smart contract applications have accrued billions of dollars in value locked and treasury holdings.
Llama has launched a fullstack platform that makes access control and governance more effective and secure.
Llama is currently onboarding customers who are looking for an onchain access control and governance solution.